Recent advances in estimation techniques have underscored the growing importance of shrinkage estimation and balanced loss functions in the analysis of multivariate normal distributions. These ...

This is a preview. Log in through your library . Abstract Let X:p × n be a matrix of random real variates such that the column vectors of X are independently and identically distributed as ...

In this paper, we investigate the importance of different loss functions when estimating and evaluating option pricing models. Our analysis shows that it is important to take into account parameter ...